Global Custodian Online


Date: 23 January 2007

Prepared by: Metia









Posted: 23 Jan 2007


Asia Business Connections Financial Services Consultancy Opens In Singapore


Asia Business Connections (ABC), a financial services consultancy based in Singapore, will be officially opening for business this month. Founding partners Peter Hutton, previously Managing Director of Sungard Asia Pacific and Alan Talbot, previously Sales Manager of Wall Street Systems Asia Pacific, have over 40 years' experience of the financial technology marketplace.

ABC says they will work with technology companies that are looking for entry into the Asian financial services market and provide access to a network of established regional industry contacts in banks, corporations, vendors, and consulting companies. ABC aims to also act in an advisory capacity to various financial institutions in the Asia Pacific (APAC) region, offering leading expertise in specific fields such as treasury, governance, risk management, payments, wholesale banking, wealth management and compliance. In addition, they hope to offer executive level recruitment assistance to both industry vendors and financial organisations.

"This region presents some unique market challenges to new entrants," says Hutton. "Combining our extensive industry & Asian market experience, we offer our clients and partners unparalleled market intelligence, access to a wide-spread contact database as well as independent and objective advice on succeeding in the various markets in Asia. Every market is different culturally and in terms of advancement - history shows there is always at least one market in Asia ready to the ride the next technology wave."

"With financial services firms across APAC adopting similar technology development approaches as their Western counterparts, European and North American IT vendors recognise the massive opportunity for growth in this market," adds Talbot. "However, successfully entering these markets is another matter entirely and ABC is now here to help."